Call reports 2018
FREEDOM BANK — 2018
What FREEDOM BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 41,138,000 | 41,459,000 | 43,941,000 | 43,169,000 |
| Total loans | 13,846,000 | 14,626,000 | 15,810,000 | 17,613,000 |
| Allowance for loan losses | 219,000 | 6,000 | 20,000 | 37,000 |
| Securities available for sale | 2,645,000 | 6,327,000 | 7,153,000 | 9,594,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,840,000 | 34,506,000 | 36,884,000 | 35,911,000 |
| Interest-bearing deposits | 24,522,000 | 22,795,000 | 24,185,000 | 23,299,000 |
| Noninterest-bearing deposits | 12,318,000 | 11,711,000 | 12,699,000 | 12,612,000 |
| Equity capital | 4,187,000 | 6,869,000 | 6,951,000 | 7,077,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 317,000 | 377,000 | 775,000 | 1,226,000 |
| Interest expense | 40,000 | 40,000 | 79,000 | 120,000 |
| Net interest income | 277,000 | 337,000 | 696,000 | 1,106,000 |
| Noninterest income | 59,000 | 39,000 | 104,000 | 185,000 |
| Noninterest expense | 324,000 | 385,000 | 754,000 | 1,163,000 |
| Provision for loan losses | 50,000 | 5,000 | 22,000 | 37,000 |
| Pretax income | -38,000 | 12,000 | 52,000 | 119,000 |
| Income tax | 0 | 3,000 | 0 | 24,000 |
| Net income | -38,000 | 9,000 | 52,000 | 95,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,659,000 | 4,433,000 | 4,549,000 | 4,610,000 |
| Total capital | 3,878,000 | 4,439,000 | 4,569,000 | 4,647,000 |
| Risk-weighted assets | 17,533,000 | 18,865,000 | 19,776,000 | 22,830,000 |